Sar Televenture Limited — Others, 05-08-2025: Monitoring Agency Report

SAR Televenture's monitoring agency has confirmed that the proceeds from its preferential issue of convertible warrants are being utilized as per the stated objectives. The company issued warrants aggregating to Rs. 172.79 crore, with Rs. 43.19 crore already received. The report for the quarter ending June 30 confirms no deviations in fund utilization for working capital, subsidiary infusion, or general corporate purposes. Investors should note the current share price is below the warrant's issue price, meaning the balance 75% payment for conversion would be at a premium to the current market.